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more_legal_areas bankruptcyWhether you file for bankruptcy as an individual or for your business, you will probably have to appear in a bankruptcy court at least one time during the processing of your bankruptcy . There are bankruptcy courts across the United States, and the judicial district in which you are residing is probably the place where you'll be filing your bankruptcy petition. Bankruptcy cases are not handled in state courts.
Consult a Bankruptcy Attorney
An appropriate first step when you are considering filing for bankruptcy is to consult a bankruptcy lawyer in your area . He or she can discuss your circumstances in depth with you, and will tell you exactly what you can expect to experience in the bankruptcy process.
Tell the Complete Truth
An important note about bankruptcy court: Tell the bankruptcy judge the truth about your finances. If you:
„Ÿ your case will be dismissed by the judge, and you could be prosecuted for fraud, a crime for which the potential punishment is prison time.
Bankruptcy Forms Required by the Court
If you and your bankruptcy attorney have decided that bankruptcy is right for you, and you have decided whether a Chapter 7, Chapter 13, or Chapter 11 is the appropriate alternative, you may now need to attend credit counseling before you can file your bankruptcy petition.
When you file for bankruptcy, you must fill out a petition and other forms that have you describe:
Find Out More about Bankruptcy Court
The best way to get a true idea of what you can expect in bankruptcy court is to contact an experienced bankruptcy attorney in your area. Get your financial information together beforehand, so that you can give the attorney an accurate picture of your situation.
The number of Americans filing for bankruptcy is growing, even as changes in the law have made it more difficult and more expensive for people to file.
According to Automate...